Published at Sunday, April 15th, 2018 - 21:01:54 PM. Mobile Home Insurance. By Durand.
And finally it is important that you review your sums insured each year on your mobile home insurance. Most premiums are calculated by your sums insured, so it is important to review your sums insured each year as this is sure to reduce your premium! You will end up spending some money on you holiday home, so you want to make sure you have all your angles covered when it comes to insurance. It is crucial to look for a provider to tailor for your specific needs. The problem is most people do not consider insuring their second homes, holiday homes, or caravans, more often than not when it is too late! There are many simple maintenance tips that could prevent you from getting involved in a disaster when you turn the key on your holiday home on the first day of your summer holiday. Turning off the water for the winter is one tip, as well as straplocking up your water pipes. Make sure you have it well protected if the location is prone to storms in the Winter. For example, you could board up the windows.
When confronted with the choice, choose a Replacement Policy. Though this type of policy is significantly more expensive, you will not receive less than what it will cost to repair damage in the event of a claim, only less your deductible. Consider it a forced savings account. This policy is more common with site-built homes or mobile homes that are on property that you may own instead of rent/lease. What does a mobile home insurance claim cover? A typical insurance claim that was caused by a broken water pipe would cover the damage to the home and your property as a result from water damage. The repair to the pipe would not be covered because it is considered home maintenance. This repair would be paid for by the home owner. Another example of what a claim may or may not cover is a leaky pipe. Any damage that would result from the leaking pipe would NOT be covered. Insurance companies only cover sudden and accidental occurrences. Items that are "leaking" are considered lack of maintenance and fall under the home owner's responsibility.
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